A price floor influences the outcome of a market if it is ______
A. set below the equilibrium price
B. set above the equilibrium price
C. an incentive for buyers to increase demand for the good
D. an incentive for sellers to decrease supply of the good
B If the price floor is set above the equilibrium price, it makes the equilibrium price illegal.
Economics
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In the model of monopolistic competition, if firms have ________ average cost curves, then opening trade will cause ________ firms to ________ the industry
A) different; less efficient; exit B) different; more efficient; enter C) symmetric; less efficient; exit D) symmetric; more efficient; enter E) symmetric; less efficient; enter
Economics
Forward linkages are the demands created by new supply capacities
Indicate whether the statement is true or false
Economics